The PEI is a joint commitment by the government, financial institutions and businesses, and is fully funded. It allows projects in an advanced stage of planning to be brought forward to 2010 and 2011. The idea is to award concessions lasting 25 to 30 years to build and maintain new infrastructure, during which time the concessionaire will be paid for providing the infrastructure. Bidding for schemes will start in the second half of this year.
Rail to get 70% of Spanish investment plan
THE Spanish prime minister, Mr José Luis Rodríguez Zapatero, has launched a public-private partnership infrastructure investment plan for the next two years worth Euros 17 billion, equivalent to about 1.7% of Spain's GDP. About 70% of the funding will go to high-speed, suburban and freight rail projects, with the rest destined for road schemes. The objective of the special infrastructure plan (PEI) is to boost economic activity and employment.